Cooper Creek Partners Management LLC Purchases Shares of 367,460 SLB Limited $SLB

Cooper Creek Partners Management LLC acquired a new position in SLB Limited (NYSE:SLB) during the 1st quarter, HoldingsChannel reports. The fund acquired 367,460 shares of the oil and gas company’s stock, valued at approximately $18,884,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SLB. Evergreen Advisors LLC acquired a new position in shares of SLB in the 1st quarter valued at $26,000. MV Capital Management Inc. acquired a new stake in SLB during the fourth quarter valued at $28,000. Strategic Wealth Advisors LLC acquired a new stake in SLB during the fourth quarter valued at $30,000. Costello Asset Management INC increased its holdings in SLB by 93.3% in the first quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 280 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SLB in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB reported Q2 adjusted EPS of $0.55, ahead of estimates of $0.51, on revenue of $8.97 billion versus expectations of $8.67 billion. SLB (NYSE:SLB) Beats Expectations in Strong Q2 CY2026
• Positive Sentiment: Management pointed to higher offshore activity and growth in Digital and Production Systems, which helped drive the quarter and support the outlook. SLB Posts Higher Revenue on Increased Offshore Activity, Data-Center Demand
• Positive Sentiment: SLB’s expanding data-center power and infrastructure push is being viewed as an additional growth vector, adding to investor optimism. What SLB (SLB)’s AI Data Center Power Push and Baleine Win Means For Shareholders
• Neutral Sentiment: Revenue still declined year over year, so the quarter was solid but not a return to broad-based growth. Top US oilfield services firm SLB beats quarterly profit estimates
• Neutral Sentiment: Middle East disruptions remain a headwind, but resilient demand in other regions is currently outweighing that pressure. SLB Stock Rises on Earnings Beat as Strong Activity Offsets Middle East Disruption

SLB Stock Performance

SLB opened at $52.43 on Friday. The firm has a market capitalization of $78.39 billion, a PE ratio of 25.33, a PEG ratio of 2.12 and a beta of 0.72. SLB Limited has a twelve month low of $31.64 and a twelve month high of $58.82. The firm’s 50-day moving average price is $51.16 and its 200 day moving average price is $50.55. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35.

SLB (NYSE:SLB) last released its quarterly earnings data on Friday, July 24th. The oil and gas company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. SLB had a net margin of 9.26% and a return on equity of 15.54%. The company had revenue of $8.97 billion during the quarter, compared to the consensus estimate of $8.67 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. SLB’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect that SLB Limited will post 2.52 EPS for the current fiscal year.

SLB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be given a $0.295 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. SLB’s dividend payout ratio is 51.53%.

Analysts Set New Price Targets

A number of research firms have recently commented on SLB. UBS Group dropped their target price on SLB from $69.00 to $66.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Barclays reduced their price target on SLB from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Morgan Stanley reiterated an “overweight” rating and set a $54.00 price target on shares of SLB in a research report on Wednesday, July 15th. Raymond James Financial dropped their price objective on SLB from $62.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. boosted their price objective on SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Insider Activity at SLB

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the transaction, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total value of $108,660.00. Following the completion of the sale, the director owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. The trade was a 10.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by company insiders.

SLB Company Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.